Citi Wealth Chief Investment Officer Kate Moore on Macro Investing

In this episode of the podcast, host Barry interviews Kate Moore, the Chief Investment Officer of Citi Wealth, to discuss her extensive career and investment philosophy. Moore recounts her academic background in political and social thought and political economy, detailing her experiences at various firms like Morgan Stanley, Moore Capital, Bank of America Merrill Lynch, JP Morgan, and BlackRock, before landing at Citi. The conversation explores her views on macro investing, thematic strategies, the importance of understanding incentives and human behavior, and the current market environment, including the impact of tariffs and the role of narratives. Moore also shares her perspective on the wealth business, the opportunities in alternatives, and the significance of behavioral finance in guiding clients through market volatility.

Outlines

Part 1: Introduction and Background

Part 2: Investment Philosophy and Thematic Investing

Part 3: Market Dynamics and Economic Outlook

Part 4: Alternatives and Personal Interests

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Masters in Business

Part 1: Introduction and Background

Introduction to Kate Moore and Her Extensive Career

Academic Background and Its Influence on Investing Philosophy

Early Career in Strategy Consulting and Exposure to Diverse Industries

Transition to Morgan Stanley and Experiences in Different Investment Roles

Decision to Join Citi and the Opportunity for Growth in Wealth Management

The Scale and Scope of Citi Wealth and its Global Reach

Part 2: Investment Philosophy and Thematic Investing

Initial Role at BlackRock and Transition to Thematic Strategy

Different Approaches to Thematic Investing

Investment Themes and Core Investment Philosophy

The Role of Valuation and the Importance of Broad Skills

Part 3: Market Dynamics and Economic Outlook

Advice for Young Professionals and Strategy for Citi Wealth

Drivers of Growth in the Wealth Business and the Role of Behavioral Finance

Sentiment Indicators and Consumer Behavior

Disconnect Between Personal Circumstances and Economic Outlook

Economic Outlook and Corporate Behavior

Banking Sector Performance and the Impact of Tariffs

The Role of Narratives in Driving Market Responses

Part 4: Alternatives and Personal Interests

The Move into Alternatives and the Grand Teton National Park Foundation

Rapid Fire Questions and Career Advice

Citi Wealth Chief Investment Officer Kate Moore on Macro Investing

Masters in Business

Part 1: Introduction and Background

00:00Introduction to Kate Moore and Her Extensive Career

Introduction to Kate Moore and Her Extensive Career

01:37Academic Background and Its Influence on Investing Philosophy

Academic Background and Its Influence on Investing Philosophy

05:27Early Career in Strategy Consulting and Exposure to Diverse Industries

Early Career in Strategy Consulting and Exposure to Diverse Industries

07:59Transition to Morgan Stanley and Experiences in Different Investment Roles

Transition to Morgan Stanley and Experiences in Different Investment Roles

11:50Decision to Join Citi and the Opportunity for Growth in Wealth Management

Decision to Join Citi and the Opportunity for Growth in Wealth Management

14:32The Scale and Scope of Citi Wealth and its Global Reach

The Scale and Scope of Citi Wealth and its Global Reach

Part 2: Investment Philosophy and Thematic Investing

19:41Initial Role at BlackRock and Transition to Thematic Strategy

Initial Role at BlackRock and Transition to Thematic Strategy

22:05Different Approaches to Thematic Investing

Different Approaches to Thematic Investing

27:00Investment Themes and Core Investment Philosophy

Investment Themes and Core Investment Philosophy

30:37The Role of Valuation and the Importance of Broad Skills

The Role of Valuation and the Importance of Broad Skills

Part 3: Market Dynamics and Economic Outlook

35:20Advice for Young Professionals and Strategy for Citi Wealth

Advice for Young Professionals and Strategy for Citi Wealth

37:50Drivers of Growth in the Wealth Business and the Role of Behavioral Finance

Drivers of Growth in the Wealth Business and the Role of Behavioral Finance

40:21Sentiment Indicators and Consumer Behavior

Sentiment Indicators and Consumer Behavior

45:13Disconnect Between Personal Circumstances and Economic Outlook

Disconnect Between Personal Circumstances and Economic Outlook

50:26Economic Outlook and Corporate Behavior

Economic Outlook and Corporate Behavior

53:30Banking Sector Performance and the Impact of Tariffs

Banking Sector Performance and the Impact of Tariffs

57:27The Role of Narratives in Driving Market Responses

The Role of Narratives in Driving Market Responses

Part 4: Alternatives and Personal Interests

1:00:07The Move into Alternatives and the Grand Teton National Park Foundation

The Move into Alternatives and the Grand Teton National Park Foundation

1:04:47Rapid Fire Questions and Career Advice

Rapid Fire Questions and Career Advice